Aureus Asset Management LLC boosted its holdings in shares of Home Depot Inc (NYSE:HD) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,489 shares of the home improvement retailer’s stock after acquiring an additional 586 shares during the period. Aureus Asset Management LLC’s holdings in Home Depot were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Wela Strategies Inc. bought a new stake in shares of Home Depot in the second quarter valued at about $217,000. Novare Capital Management LLC lifted its holdings in shares of Home Depot by 4.3% in the second quarter. Novare Capital Management LLC now owns 37,402 shares of the home improvement retailer’s stock valued at $5,737,000 after purchasing an additional 1,530 shares in the last quarter. Peak Asset Management LLC lifted its holdings in shares of Home Depot by 14.0% in the second quarter. Peak Asset Management LLC now owns 2,484 shares of the home improvement retailer’s stock valued at $381,000 after purchasing an additional 305 shares in the last quarter. WealthTrust Axiom LLC bought a new stake in shares of Home Depot in the second quarter valued at about $207,000. Finally, Beach Investment Management LLC. lifted its holdings in shares of Home Depot by 1,023.1% in the second quarter. Beach Investment Management LLC. now owns 68,511 shares of the home improvement retailer’s stock valued at $10,510,000 after purchasing an additional 62,411 shares in the last quarter. Hedge funds and other institutional investors own 70.36% of the company’s stock.
A number of brokerages have recently commented on HD. Bank of America restated a “buy” rating and issued a $190.60 price target (down from $219.00) on shares of Home Depot in a report on Tuesday. Robert W. Baird restated an “outperform” rating and issued a $195.00 price target on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks boosted their price target on Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Telsey Advisory Group boosted their price target on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Finally, Jefferies Group restated a “buy” rating and issued a $223.00 price target on shares of Home Depot in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $190.34.
Home Depot Inc (NYSE:HD) opened at $186.71 on Wednesday. The firm has a market capitalization of $218,030.00, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot Inc has a 12-month low of $143.25 and a 12-month high of $207.60.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The firm had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $23.65 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. equities analysts forecast that Home Depot Inc will post 7.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.21%. This is an increase from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s payout ratio is 49.38%.
Home Depot declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.
About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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